Singapore Telecommunications Limited (SGX:Z74) Offering Unlimited Data

Singapore Telecommunications Limited (SGX:Z74) Offering Unlimited Data

Singapore Telecommunications Limited (SGX:Z74) Offering Unlimited Data

  • Singtel has become the latest telco to offer mobile plans with unlimited data.
  • This comes two weeks after M1 and StarHub both launched unlimited data plans to cater to data-heavy users.
  • In a statement yesterday, Singtel said its Singtel Combo 3, 6 and 12 mobile plans will be upgraded with unlimited talktime and SMS, with prices starting from $68.90 a month.
  • These plans come with between 3GB and 12GB of data. But for an extra $39.90 a month, those who sign up can get unlimited local data to surf on their mobile devices under the telco’s Data X Infinity scheme.
  • As a launch special, those who subscribe to Combo 6 and 12 plans – at $95.90 and $239.90 a month respectively – get a free data roaming plan worth up to $35 each month.

Singapore Telecommunications Limited is a communications company. The Company is engaged in the operation and provision of telecommunications systems and services, and investment holding. In addition, it offers Internet services and also holds frequency spectrum and license rights to install, operate and maintain mobile communication systems and services, including wireless broadband systems and services. It operates in three segments: Group Consumer, Group Enterprise and Group Digital Life. The Group Consumer segment comprises the consumer businesses across Singapore and Australia, as well as the Company’s investments in Thailand, India, Africa, South Asia, Philippines and Indonesia. The Group Enterprise segment comprises the business groups across Singapore, Australia, the United States, Europe and the region. The Group Digital Life segment focuses on using the Internet technologies and assets of the Company’s operating companies by entering adjacent businesses.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 3.74.

The projected lower bound is: 3.59.

The projected closing price is: 3.67.

SINGTEL closed down -0.040 at 3.670. Volume was 9% below average (neutral) and Bollinger Bands were 63% narrower than normal.

Open       High       Low        Close       Volume
3.700      3.710      3.670      3.670      17,023,400

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period         50-period       200-period
Close:                       3.68                  3.77                 3.81
Volatility:                13                      13                     12
Volume:                  14,790,370      18,155,330      20,205,714

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

SINGTEL is currently 3.7% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of STEL.SI (mildly bearish). Our trend forecasting oscillators are currently bullish on STEL.SI and have had this outlook for the last 3 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 47.0588. This is not an overbought or oversold reading. The last signal was a buy 15 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 42.59. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 17 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 6. This is not a topping or bottoming area. The last signal was a sell 0 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 13 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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